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Investment Info:
Townhouse buy & hold investment in St. John'S.
Purchase price: $284,000
Cash invested: $60,000
Bought this property while working in Canada to live in (b/c I didn't want to pay s...
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Numbers: Using own cash $100K or less = acquisition + rehab cost $2500 =monthly rent $1000 = expenses To minimize risks, it will owned by a new LLC. Plan to refinance to cash out after all units...
Land cannot be depreciated, but if you are purchasing raw land in order to build a commercial unit, can that be categorized as a business "expense" to minimize profits and tax liabilities?If I have a current business,...
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What are some of your guy's tactics to get private money?My only tactic so far is to ask relatives if they got some spare change lol. Of course, I want the benefit them as well.
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What tips do you have to make your tenant not destroy things or help them able to pay their rent? For instance when I buy a new rental I:
1. Remove anything that is hanging.
2. Take down all curtain rods and replace...
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Hello all, I am new to investing in Philly. From what I understand title companies are mandatory to settle in PA. I don't have a problem with this and I would like some recommendations if you have any! However, I also...
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What is the best way to get rental properties out of an S Corp in order to minimize the tax implications?
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $480,000
Cash invested: $24,000
Purchased using a 5% down conventional loan. I bought this home and lived in it w...
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I am an IT contractor, I get paid via an agency company as a W2 employee. The agency company pays no benefits.
Can I open a Solo 401K account and contribute to it? If not, what's the best way to minimize my income ...
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We are getting ready to close on a fsbo that we got for 25,000+closing costs. We initially planned to rent it out, but could probably sell it for at least 50,000 as it is in a good area. If we closed and decided to li...